CoinEx shuts down after nine years as a wave of exchange closures grows
CoinEx shuts down after nine years as a wave of exchange closures grows
The cryptocurrency platform CoinEx announced that it will stop operating. CoinEx is an exchange, that is, a platform to buy and sell cryptocurrencies. The company will close on December 22, 2026. That date marks exactly nine years since its launch, in December 2017.
Users have a deadline
People with money on the platform can withdraw it until December 22, 2026. Sign-ups for new users are already closed. Normal trading, known as spot trading, ends earlier, on September 29.
The company asked customers to withdraw their funds calmly and not to wait until the last day.
Why it is closing
The founder and chief of CoinEx, Haipo Yang, explained the reasons. He said the weakness of the market has lasted a long time. He also said that government rules and controls cost more and more.
His words: “the security and compliance risks of operating a cryptocurrency platform have become increasingly difficult to contain”.
The CET token and the buyback
CoinEx had its own currency, the CET token. A token is a kind of digital currency created by a project. Yang said he received offers to sell the company, but he rejected them. He wanted a “clean ending” for the employees, the users and the holders of the token.
For that reason the platform will buy back the CET at its original launch price: 0.005 USDT, with no limit on the amount.
The important dates
| Date | What happens |
|---|---|
| September 29, 2026 | Spot trading ends |
| December 22, 2026 | The platform closes and the deadline to withdraw money expires |
A wave of closures
CoinEx joins BitMEX and BitMart. All three platforms announced their closure in 2026. The press in Brazil describes it as “a wave of exchange closures”. The cause is the crypto winter: the long and deep fall of the cryptocurrency market.
The market is still weak
Bitcoin is around US$75,000 and US$76,000. It has been falling since the failure of the CLARITY law in the United States Senate. The market is also waiting for the interest rate decision of the Federal Reserve.
Fuentes: Decrypt y The Block (Estados Unidos), Portal do Bitcoin (Brasil). 16 de septiembre de 2026.
